British Columbia · Proposal
Proposal Trustee's Report to Creditors dated April 17, 2026
Court officer report · 17 April 2026
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: distributions to Affected Creditors under the Proposal are to be paid solely from the Litigation Proceeds, after payment of: (i) the Claims of Secured Creditors having Proven Claims, in full; (ii) the Claims of the Intercompany Lenders having Proven Claims, in full; and (iii) the Litigation Costs, (to the Company). · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · class label: Secured Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: distributions to Affected Creditors under the Proposal are to be paid solely from the Litigation Proceeds, after payment of: (i) the Claims of Secured Creditors having Proven Claims, in full; (ii) the Claims of the Intercompany Lenders having Proven Claims, in full; and (iii) the Litigation Costs, (to the Company). · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · class label: Intercompany Lenders · interim final: unstated · related party: true · claims qualifier: unstated; basis: plan · quote: Article 3.4 of the Proposal provides that Crown Claims that are Proven Claims shall be paid in their entirety, without interest, within six (6) months after the grant of the Approval Order; · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Crown Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: In sum, based on the foregoing, it is estimated that the Affected Creditors (as defined in the Proposal) will recover between 0% and 100% of their respective Proven Claims under the Proposal. · pct of: proven_claims · outcome: distribution · pct low: 0 · pct high: 100 · class key: unsecured · stated by: proposal_trustee · class label: Affected Creditors · interim final: unstated · conditional on: depending on the outcome of the XCMG Claim and priority payments from Litigation Proceeds · claims qualifier: unstated; basis: liquidation_alternative · quote: In a bankruptcy scenario it is estimated that the Affected Creditors will recover 0% of their Proven Claims. · pct of: proven_claims · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Affected Creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: It is estimated that the CRA would suffer a shortfall in both a 'Low' and 'High' bankruptcy scenario. · pct of: unstated · outcome: shortfall · class key: deemed_trust · stated by: proposal_trustee · class label: CRA (unpaid source deductions) · creditor name: CRA · interim final: unstated · claims qualifier: unstated · stated on: 2026-04-17 · table missing: